🟢 LONG NZDCHF @ 0.48923 (Swing Position)
✅ Catalyst: Double bottom + RSI divergence + break above descending channel on 4H.
🛑 SL: 0.48469
🎯 TP1: 0.49565 (1:1.2 R:R)
🎯 TP2: 0.50230 (1:2.5 R:R)
🎯 TP3: 0.50800 (1:3.9 R:R)
📊 Chart: Price defended 0.4870 key structure zone. Bullish engulfing + EMA crossover signal upside continuation.
🌍 Context: CHF weakening across the board on SNB dovish tone. NZD supported by risk-on flows and commodity demand rebound.
💬 “Stacking into this swing or waiting for confirmation above 0.4950? Let’s talk setups 👇”
#Forex #NZDCHF #SwingTrading #PriceAction #SmartMoney
✅ Catalyst: Double bottom + RSI divergence + break above descending channel on 4H.
🛑 SL: 0.48469
🎯 TP1: 0.49565 (1:1.2 R:R)
🎯 TP2: 0.50230 (1:2.5 R:R)
🎯 TP3: 0.50800 (1:3.9 R:R)
📊 Chart: Price defended 0.4870 key structure zone. Bullish engulfing + EMA crossover signal upside continuation.
🌍 Context: CHF weakening across the board on SNB dovish tone. NZD supported by risk-on flows and commodity demand rebound.
💬 “Stacking into this swing or waiting for confirmation above 0.4950? Let’s talk setups 👇”
#Forex #NZDCHF #SwingTrading #PriceAction #SmartMoney
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.